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Bitwise BHYP Logs Largest Single-Day Inflow at $19M
Bitwise BHYP pulled in $19M on May 27, its biggest day. The fund now leads Hyperliquid ETF assets, signaling a catalyst for the asset class.
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The $19M Inflow Into BHYP
On May 27, 2026, Bitwise CEO Hunter Horsley announced via X that the Bitwise Hyperliquid ETF (BHYP) recorded approximately $19M in net inflows that day. Horsley called it the fund's largest single-day inflow to date and stated that BHYP is now the largest Hyperliquid ETF in the world. The disclosure came as a single-sentence post with no additional commentary on the source of the flows.
Why This Hyperliquid ETF Flow Matters Now
The simple read is that BHYP is attracting capital at a time when novel blockchain infrastructure funds are fighting for share in a crowded ETF market. The better read starts with mechanism. Hyperliquid is a high-throughput, low-latency Layer 1 blockchain designed for on-chain order book trading. For institutional allocators, gaining exposure through a regulated ETF wrapper eliminates custody and execution risk. $19M in a single day implies that at least one large buyer – likely a registered investment adviser or a fund of funds – made a deliberate allocation to Hyperliquid rather than to broader crypto ETFs.
This inflow also shifts the competitive landscape. BHYP now holds the largest AUM among Hyperliquid ETFs, a status that can attract additional inflows through rebalancing mandates and momentum-driven flows. The May 27 flow is a concrete signal that institutional demand for Hyperliquid-specific exposure exists outside of the retail-driven hype cycles that have defined earlier blockchain ETF launches. If repeated, the flow pattern would disprove the skeptical take that Hyperliquid ETFs are niche products with limited capacity.